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The Latest Breaking News from Kwasi Kwarteng

When is the mini budget 2022 and what to expect as Liz Truss sets out cost of living plans

New chancellor Kwasi Kwarteng will make his first big statement in the House of Commons later this week.

Daily Record

Liz Truss’s high-stakes gamble will make or break her entire career

After pomp and pride at a stunning national spectacle comes that day-after feeling. One side effect of a week of national remembrance for the Queen is that the start of Liz Truss’s era at the summit of politics has been delayed.

Evening Standard

Unions launch legal challenge against government's 'strike breaking' agency worker law

The Trade Union Congress is taking action on behalf of 11 unions representing millions of workers, including train drivers, civil servants, and shop workers

Daily Mirror

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Truss could slash personal taxes in new ‘investment zones’

She has also conceded that negotiations for a trade deal with the US will not restart for years, ahead of a trip to meet the President

Insider UK

Bankers bonus cap: why scrapping it could hurt the UK economy

At a time of rising prices and an ever increasing cost of living, there are at last signs of a financial boost for an industry toiling away at the economic coal face. British bankers, it seems, could be about to receive a hefty pay rise, with the new UK chancellor…

The Conversation

Business to resume in Holyrood with further tributes to the Queen

SCOTTISH Parliament business is set to resume with further tributes to the Queen following the late monarch’s state funeral.

The National (Scotland)

What will be announced in Friday's mini-Budget, including a change from November

There are expected to be changes in how much tax and National Insurance we pay, as well as more changes for energy bills

Wales Online

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Tuesday briefing: Five big stories as Britain returns to normal

In today’s newsletter: From an emergency budget to a test for the new King and the war in Ukraine, a look at what’s next

The Guardian - UK

Energy-saving measures could boost UK economy by £7bn a year, study says

Exclusive: Green home upgrades could also create 140,000 new jobs by 2030, analysis by Cambridge Econometric finds

The Guardian - UK

Energy bills may rise if government gives Drax more support, say MPs

Britain’s single biggest source of carbon emissions could negotiate over Liz Truss’s £150bn bills freeze

The Guardian - UK

Britain's Truss faces whirlwind week as politics resumes after queen funeral

British politics returns to centre stage on Tuesday after the funeral of Queen Elizabeth, with Prime Minister Liz Truss signalling her priorities by flying to her first major summit and rushing out measures to try to avert an economic slump.

Reuters

Liz Truss warned corporation tax cuts have not fuelled investment

‘Race to the bottom’ on tax on company profits has failed to boost economic growth, says IPPR

The Guardian - UK

What's happening in politics this week as MPs and MSPs return?

With one week of parliamentary time until the recess for party political conferences, MPs have been asked to sit for an extra day on Friday

The National (Scotland)

Sterling languishing against dollar as interest rate hike speculation builds

STERLING is continuing to languish against the dollar ahead of the new Chancellor’s first fiscal statement expected later this week.

The National (Scotland)

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Daily Mirror

Lowest paid workers to gain just 63p a MONTH under Liz Truss's National Insurance cut

The Institute for Fiscal Studies (IFS) thinktank warned that scrapping the 1.25 per cent NI rise would benefit wealthier households and do little to help the poorest workers

The Guardian - UK

This week we will see Truss unchained. Labour must be rubbing its hands with glee

With official mourning over, the new prime minister will start to lay out her wilfully unpopular policies, says Guardian columnist Polly Toynbee

The Guardian - UK

‘Who pays?’: Labour go on the attack over Truss’s energy plans

Opposition says PM has not detailed how she will fund her price freeze after ruling out windfall tax

Daily Mirror

Mini Budget: Kwarteng to announce £30billion in tax cuts this week to help cost of living

Plans said to be considered by the new Chancellor include bringing forward a 1p cut to income tax, as well as reversing the National Insurance hike and scrapping an increase to corporation tax

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Bristol Post

Jacob Rees-Mogg arrives Queen's funeral dressed in top hat

Rees-Mogg joins other politicians such as Keir Starmer, Nicola Sturgeon, Kwasi Kwarteng and more

The Independent UK

Packed week ahead for Liz Truss as premiership set to swing into action

The new Prime Minister will fly to New York for the UN General Assembly before the Government sets out its long-anticipated mini-budget on Friday.

The Guardian - UK

Kwasi Kwarteng to announce network of low-tax investment zones

Regulations will be relaxed in up to 12 places, with taxes cut to incentivise investment

The Independent UK

What are the rules on bankers’ bonuses as chancellor wants to scrap cap?

Current limit means bankers can’t get a bonus of more than 200 per cent of their salary

The Guardian - UK

Forget ‘levelling up’ – Liz Truss isn’t even pretending to care about inequality

Under Boris Johnson, the agenda failed because of incoherence and incompetence. For our new PM, the problem’s ideological, says Guardian columnist John Harris

Manchester Evening News

Millions of couples expected to receive much-needed £2,500 windfall in emergency budget

Liz Truss is reportedly planning a transfer of personal tax allowances

The Guardian - UK

Kwarteng accused of bid to avoid scrutiny of £30bn tax cut package

Chancellor thought to be delaying full budget until next year, preventing spending watchdog from assessing his plans

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